Wednesday, October 2, 2013

Wednesday's Outcomes: OCN, HL

OCN, on the shelf pending a bullish roll forward to November, broke below its 10-day price channel and has been removed from the shelf. See "OCN: High-risk mortgage bull play" for details.

No prospective trades identified in my analysis of Tuesday's markets ended up making the grade. Even the highest-volume bear signal, HL, proved wanting. See "Wednesday: No Trade" for the sad tale of my unsuccessful quest for something worth consideration.

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